Trading Summary Week Ended 25th May 2018

11 Stock Trades:

2 AAL + 140 BPS.
2 BLT +  152 BPS.
3 GLEN + 142 BPS.
4 UK100 + 136 BPS.

11 long trades + 570 BPS.
0 short trades.
6 intra-day trades + 249 BPS.
5 multi-day trades + 321 BPS.
Stocks net + 570 BPS.
Return on account for the week + 3.65 % net.
P:L ratio N/A.
Days traded:5.

Longest trade duration: 5 days.
Shortest trade duration:  10 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

The rally in the commodity stocks continued in the early part of the week, but then we saw a sell off on Wednesday morning. Crude oil saw a serious sell off on Friday.

FTSE made new all time highs on Monday and Tuesday. The index has now rallied nearly 15% off the March lows.

Trading was difficult, and I made some poor entries and exits, selling the mining stocks rally too early.

Still, just above my weekly 2.5% benchmark.

Looking forward to a long weekend, and more opportunities next week.

Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 18th May 2018

13 Stock Trades:

1 AAL + 46 BPS.
3 BLT + 292 BPS.
2 BP +  172 BPS.
3 GLEN + 142 BPS.
4 UK100 + 155 BPS.

13 long trades + 807 BPS.
0 short trades.
5 intra-day trades + 191 BPS.
8 multi-day trades + 616 BPS.

Stocks net + 807 BPS.

Return on account for the week + 6.34 % net.
P:L ratio N/A.
Days traded:5.

Longest trade duration: 4 days.
Shortest trade duration:  11 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another strong week for the commodity stocks, as Brent crude hit the $80 mark. BP and Shell both made new 52 week highs this week, helping the FTSE rally.
Three of the big four mining stocks made new 52 week highs, as did the FTSE mining index, which broke above 20,000 for the first time since February 2013.
GLEN was volatile of Friday after news of a bribery investigation.

FTSE made a new all time closing high on Thursday, the rally shows no signs of ending.

Looking forward to further opportunities next week.



Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 11th May 2018

14 Stock Trades:

2 AAL + 169 BPS.
2 BLT + 57 BPS.
2 BT.A + 125 BPS.
2 BP +  49 BPS.
2 GLEN + 126 BPS.
4 UK100 + 149 BPS.

11 long trades + 563 BPS.
3 short trades + 112 BPS.
9 intra-day trades + 350 BPS.
5 multi-day trades + 325 BPS.

Stocks net + 675 BPS.

Return on account for the week + 5.80 % net.
P:L ratio N/A.
Days traded:4.

Longest trade duration: 22 days.
Shortest trade duration:  1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another four day week, due to the May bank holiday.
The FTSE made yet another 30 day high on Tuesday, Wednesday, Thursday and Friday. The rally shows no sign of ending.
Miners and oil stocks were volatile again, crude oil was bid higher after Donald Trump cancelled the Iran deal.
BT.A fell over 8% on Thursday after releasing results. I scalped a few points on a couple of longs on it.
Made a few very poor trade exits this week, including closing BLT long much too soon, given how strong the sector was.
Well above my 2.5% weekly benchmark.

Looking forward to further opportunities next week.



Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 4th May 2018

23 Stock Trades:

5 AAL + 196 BPS.
6 BLT + 394 BPS.
2 BP + 221 BPS.
3 GLEN + 220 BPS.
1 SBRY + 79 BPS.
6 UK100 + 211 BPS.

11 long trades + 791 BPS.
12 short trades + 530 BPS.
13 intra-day trades + 471 BPS.
10 multi-day trades + 850 BPS.

Stocks net + 1321 BPS.

Return on account for the week + 12.25 % net.
P:L ratio N/A.
Days traded: 5.

Longest trade duration: 13 days.
Shortest trade duration:  3 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another week, and markets were active again.
Crude oil was weaker on Monday. The FTSE however made another 30 day high.
SBRY gapped open nearly 20% on Monday after merger (with ASDA) news emerged over the weekend. I think the shorts took a big hit on that. I took a short on it but closed way too early.

Miners were volatile again, especially GLEN after it emerged that Glencore won a temporary injunction against mining magnate Dan Gertler over $2.28 billion worth of royalties the Israeli businessman says he is owed by the Anglo-Swiss commodities trader.

Mining stocks remained strong, as did the oil majors (stronger than their counterparts in the US). This is probably due to the continued weakness of GBP/USD. Both BP and RD Shell made new 52 week highs on Friday.

So all in all, a pretty busy week.
Well north of my 2.5% weekly benchmark anyway.

Of course, the Giro starts on Friday... three weeks of cycling on the TV... going to be difficult to concentrate on work...

Looking forward to further opportunities and some quality cycle racing next week.



Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 27th April 2018

22 Stock Trades:

2 AAL + 138 BPS.
7 BLT + 265 BPS.
2 BP + 55 BPS.
1 GLEN + 143 BPS.
10 UK100 + 165 BPS.

16 long trades + 605 BPS.
6 short trades + 161 BPS.
16 intra-day trades + 523 BPS.
6 multi-day trades + 243 BPS.

Stocks net + 766 BPS.

Return on account for the week + 8.73 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 8 days.
Shortest trade duration:  2 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another busy week for me.
The crude oil rally continued in the first part of the week, boosting the price of BP and RD Shell.
Crude then fell back on Wednesday. Miners were also weaker, and Wednesday saw the mining stocks sell off sharply. On Thursday we rallied again, the FTSE was pretty strong, making another 30 day high on Friday. Overall the FTSE was up 134 points on the week.

Made some poor exits (taking profits too early).
Above my 2.5% weekly benchmark anyway.

Looking forward to further opportunities next week.



Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 20th April 2018

17 Stock Trades:

2 AAL + 38 BPS.
6 BLT + 167 BPS.
2 GLEN + 33 BPS.
1 MCRO + 30 BPS.
6 UK100 + 69 BPS.

14 long trades + 283 BPS.
3 short trades + 54 BPS.
14 intra-day trades + 261 BPS.
3 multi-day trades + 76 BPS.

Stocks net + 337 BPS.

Return on account for the week + 3.96 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 1 day.
Shortest trade duration:  2 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another challenging week.
Stocks were in bull mode on Wednesday, the FTSE made new 30 day highs, then again on Thursday and Friday, mainly driven by the rally in commodity prices, with the likes of RD Shell and BP very strong. Cable was also very weak after some inflation data came out, helping the dollar earning companies like BP, BLT, RIO etc.
On Friday we had expiry, which I thought might mark the end of the recent rally, but it appears I was wrong about that. The US markets look like they want to test the recent lows, but we will have to see.
North of my 2.5% weekly benchmark anyway.
Looking forward to further opportunities next week.



Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 13th April 2018

23 Stock Trades:

7 AAL + 147 BPS.
4 BLT + 64 BPS.
1 BP + 2 BPS.
4 GLEN + 72 BPS.
7 UK100 + 70 BPS.


8 long trades + 186 BPS.
15 short trades + 169 BPS.
18 intra-day trades + 277 BPS.
5 multi-day trades + 78 BPS.

Stocks net + 355 BPS.

Return on account for the week + 4.07 % net.
P:L ratio 134:1.
Days traded: 5.
Longest trade duration: 20 days.
Shortest trade duration:  5 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Back to five day weeks. More volatility on stocks and stock indices.

A really challenging week. We had a very strong rally on Tuesday after the Chinese president made a speech which was well received by the markets. The commodity stocks were very strong. Then we sold off on Wednesday. Thursday was pretty quiet.

The FTSE was strong, seems like every little dip is being bought at the moment. Of course the rally in crude helped the FTSE, given the weightings of BP and RD Shell.
However, I would not be surprised if we test the lows on the FTSE and SPX from last month before too long, but who knows...
I suppose an escalation of the hostilities between the US and Russia might really spook these markets.

I made a few very poor trade entries this week, shorting the rally too early.

Still, just north of my 2.5% weekly benchmark.

Looking forward to further volatility next week.



Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 6th April 2018

15 Stock Trades:

4 AAL + 264 BPS.
4 BLT + 280 BPS.
2 GLEN + 166 BPS.
5 UK100 + 96 BPS.


5 long trades + 450 BPS.
10 short trades + 354 BPS.
6 intra-day trades + 156 BPS.
9 multi-day trades + 648 BPS.

Stocks net + 804 BPS.

Return on account for the week + 9.70 % net.
P:L ratio N/A.
Days traded: 4.
Longest trade duration: 5 days.
Shortest trade duration:  6 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A shortened week due to the Easter Monday holiday.

Another very volatile four days on stocks.

Chinese trade tariffs announced on Wednesday sparked a sell off, however US stocks rebounded later in the session, with the Dow rallying 600 points off the lows.

The UK market followed Wall St on Thursday, with a powerful rally.
Then on Thursday night the US announced more tariffs, and triggered a modest sell off on Friday.
Some pretty poor trade entries and exits this week.
Also experienced some software problems with my main trading PC, which made things more difficult than they already were, given the volatility.

Still, well north of my 2.5% weekly benchmark.
Looking forward to further volatility next week.



Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 30th March 2018

15 Stock Trades:

3 AAL + 63 BPS.
3 BLT + 159 BPS.
1 BP + 15 BPS.
4 GLEN + 183 BPS.
4 UK 100 + 48 BPS.

8 long trades + 170 BPS.
7 short trades + 298 BPS.
6 intra-day trades + 170 BPS.
9 multi-day trades + 298 BPS.

Stocks net + 468 BPS.

Return on account for the week + 5.64 % net.
P:L ratio N/A.
Days traded: 4.
Longest trade duration: 5 days.
Shortest trade duration: 6 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another pretty active week.
Equity markets were again volatile, with the FTSE making new 52 week lows on Monday. Tuesday saw a strong rally, and then Wednesday saw the markets sell off again. Then on Thursday we saw a rally on stocks. Of course, volatility is what the trader needs.

Some of my trade entries and exits were pretty poor this week.

A shortened week due to the Easter holiday, next week likewise.
Above my 2.5% weekly benchmark anyway, although should have been better.



Looking forward to more opportunities next week.



Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 23rd March 2018

22 Stock Trades:

6 AAL + 134 BPS.
2 BLT + 16 BPS.
2 BP + 15 BPS.
5 GLEN + 113 BPS.
3 MCRO + 569 BPS.
4 UK 100 + 47 BPS.

13 long trades + 761 BPS.
9 short trades + 133 BPS.
14 intra-day trades + 762 BPS.
8 multi-day trades + 132 BPS.

Stocks net + 894 BPS.

Return on account for the week + 8.21 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 6 days.
Shortest trade duration: 1 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another very active week.
Equity markets were volatile.
Trade tariffs spooked equities on Thursday and Friday, with the FTSE making new 52 week lows on both days.The mining sector stocks were hit especially hard.

The best trades were on MCRO after it issued a trading update and fell over 50%, which for a FTSE 100 stock is pretty unusual. As usual I left lots on the table.
But well above my 2.5% weekly benchmark.
(The lower return in percent compared to the BPS value is due to the trades in MCRO being half the normal size, due to the volatility.)


Looking forward to more opportunities next week.



Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 16th March 2018

15 Stock Trades:

5 AAL + 75 BPS.
8 BLT + 99 BPS.
2 GLEN + 12 BPS.



5 long trades +80 BPS.
10 short trades + 106 BPS.
14 intra-day trades + 172 BPS.
1 multi-day trades + 14 BPS.

Stocks net + 186 BPS.

Return on account for the week + 2.18 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 3 days.
Shortest trade duration: 4 min.
No Index trades.

(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another active week.

Not a great return given the number of trades, and below my 2.5% weekly benchmark.


Looking forward to better opportunities next week.



Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 9th March 2018

13 Stock Trades:

7 AAL + 231 BPS.
1 BLT + 12 BPS.
1 GLEN + 325 BPS.
1 UK100 + 3 BPS.


4 long trades +70 BPS.
9 short trades + 501 BPS.
9 intra-day trades + 142 BPS.
4 multi-day trades + 429 BPS.

Stocks net + 571 BPS.

Return on account for the week + 6.50 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 10 days.
Shortest trade duration: 315 min.
(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another busy week's trading.


Well above my 2.5% weekly benchmark.

Looking forward to more opportunities next week.



Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 2nd March 2018

9 Stock Trades:

3 AAL + 76 BPS.
2 BLT + 31 BPS.
1 FRES + 40 BPS.
2 GLEN + 36 BPS.
1 STAN + 28 BPS.


7 long trades + 175 BPS.
2 short trades + 36 BPS.
7 intra-day trades + 175 BPS.
2 multi-day trades + 36 BPS.

Stocks net + 211 BPS.

Return on account for the week + 5.53 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 18 days.
Shortest trade duration: 6 min.
No Index trades.

(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A busier week's trading, although I left a lot on the table.


Well north of my 2.5% weekly benchmark anyway..

Looking forward to more opportunities next week.



Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 23rd February 2018

 6 Stock Trades:

3 BLT + 70 BPS.
3 GLEN + 63 BPS.


4 long trades + 88 BPS
2 short trades + 45 BPS.
5 intra-day trades + 108 BPS.
1 multi-day trades + 25 BPS.

Stocks net + 133 BPS.

Return on account for the week + 3.47 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 2 days.
Shortest trade duration: 13 min.
No Index trades.

(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another very challenging week's trading.


Just above my 2.5% weekly benchmark.

Looking forward to more opportunities next week.



Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 16th February 2018

4 Stock Trades:

4 GLEN + 188 BPS.


No long trades.
4 short trades + 188 BPS.
3 intra-day trades + 129 BPS.
2 multi-day trades + 58 BPS.

Stocks net + 188 BPS.

Return on account for the week + 3.85 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 1 days.
Shortest trade duration: 8 min.
No Index trades.

(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A quiet week's trading.


Just above my 2.5% weekly benchmark.

Looking forward to more opportunities next week.



Stay disciplined.

Stay focussed.

Stay humble.

Trading summary Week Ended 9th February 2018

9 Stock Trades:

1 BLT + 32 BPS.
8 GLEN + 934 BPS.


2 long trades +60 BPS
7 short trades + 907 BPS.
5 intra-day trades + 123 BPS.
4 multi-day trades + 843 BPS.

Stocks net + 967 BPS.

Return on account for the week + 18.26 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 40 days.
Shortest trade duration: 1 min.
No Index trades.

(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A much better week's trading. Shorts on GLEN in the main.


Well north of my 2.5% weekly benchmark.

Looking forward to more opportunities next week.



Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 2nd February 2018

3 Stock Trades:

3 GLEN + 78 BPS.


2 long trades +36 BPS
1 short trades + 41 BPS.
1 intra-day trades + 23 BPS.
2 multi-day trades + 55 BPS.

Stocks net + 78 BPS.

Return on account for the week + 1.99 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 10 days.
Shortest trade duration: 315 min.
No Index trades.

(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another very challenging week's trading.


Well below my 2.5% weekly benchmark.

Looking forward to more opportunities next week.



Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 26th January 2018

2 Stock Trades:

2 GLEN + 37 BPS.


2 long trades + 37 BPS.
No short trades.
1 intra-day trades + 31 BPS.
1 multi-day trades + 6 BPS.

Stocks net + 37 BPS.

Return on account for the week + 1.05 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 2 days.
Shortest trade duration: 159 min.
No Index trades.

(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

A quiet week's trading.

Well below my 2.5% weekly benchmark.

Looking forward to more opportunities, and to trade them better, next week.



Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ended 19th January 2018

6 Stock Trades:

6 GLEN + 298 BPS.


6 long trades + 298 BPS.
No short trades.
2 intra-day trades + 46 BPS.
4 multi-day trades + 252 BPS.

Stocks net + 298 BPS.

Return on account for the week + 9.31 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 4 days.
Shortest trade duration: 71 min.
No Index trades.

(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Another decent challenging week's trading.

Well above my 2.5% weekly benchmark.

Looking forward to more opportunities next week.



Stay disciplined.

Stay focussed.

Stay humble.

Trading Summary Week Ending 12th January 2018

3 Stock Trades:

3 GLEN + 294 BPS.


3 long trades + 294 BPS.
No short trades.
1 intra-day trade + 5 BPS.
2 multi-day trades + 289 BPS.

Stocks net + 294 BPS.

Return on account for the week + 9.76 % net.
P:L ratio N/A.
Days traded: 5.
Longest trade duration: 3 days.
Shortest trade duration: 8 min.
No Index trades.

(All PNL expressed in basis points for the purpose of comparison.)

Thoughts

Back to trading after some time off.
A difficult week's trading.

Well above my 2.5% weekly benchmark.

Looking forward to more opportunities next week.



Stay disciplined.

Stay focussed.

Stay humble.